Special Drawing Rights

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Special Drawing Rights (SDR)

A form of international reserve assets, created by the IMF in 1967, whose value is based on a portfolio of widely used currencies.

Special Drawing Rights

A reserve currency created by the International Monetary Fund to reduce the pressure on gold and the U.S. dollar in international transactions. It was established in the late 1960s and is mainly used in the IMF's internal accounting. A few currencies are pegged to the SDR; they derive their value from a currency basket consisting of the U.S. dollar, the Japanese yen, the British pound, and the euro.
References in periodicals archive ?
Egyptian foreign reserves are composed of convertible foreign currencies (the main bulk of the reserves) divided into securities and currency deposits at different banks, gold deposits, IMF reserve position, financial derivatives and special drawing rights.
The acquired power plants and the electricity generation capacity underlying the acquired drawing rights are owned by E.
They managed to put together a bigger package than anybody expected and very importantly the issue of Special Drawing Rights -- $250 billion," Soros said.
According to the budget estimates, the drawing rights amounts to a total of 13 265 358.
Cumulatively, 21st installment of SBA worth Special Drawing Rights (SDR) 71.
The reserves consist mainly of securities and deposits denominated in foreign currencies and gold, as well as reserve positions and special drawing rights Japan holds at the International Monetary Fund.
of Belgium of two power plants and drawing rights (the making available of guaranteed volumes of electricity to the right-holder) to certain electricity generation capacity in Belgium and in the Netherlands.
Venantius does not hold a banking license, but benefits from drawing rights in the Swedish National Debt Office.
On financial services consisting of drawing rights in the form of loans (investments for the year 2015).
As per payment schedule, 11th installment of SBA worth Special Drawing Rights (SDR) 95.
The reserves consist mainly of securities and deposits denominated in foreign currencies, gold as well as reserve positions and special drawing rights Tokyo holds at the International Monetary Fund.
The Protocol multiplies fivefold the upper limit for compensation currently available under the IOPCF, raising it to nearly Euro 1 billion (750 million in Special Drawing Rights - SDRs).